Gazprom and CNPC sign memorandum on gas deliveries from Russia's Far East to China

September 03, 2015, 13:48 UTC+3Russia's gas major Gazprom and the Chinese National Oil and Gas Company have signed a Memorandum of Understanding on natural gas supplies from Russia to China and to build a pipeline to the Far East

May 21, 2014, Gazprom and CNPC have signed a deal on gas supplies to China

BEIJING, September 3. /TASS/. Russia's Gazprom and China's National Petroleum Corporation (CNPC) have signed a memorandum of understanding on a project of natural gas deliveries from Russia to China via a pipeline in Russia's Far East. The document has been approved in the presence of Russia's President Vladimir Putin and China's President Xi Jinping.

According to the document, the sides agree to study the delivery project, and as a result key technical and commercial parameters of the project will be determined, including schedule, volume and point of delivery.

"A memorandum was signed today on gas supplies from the Russian Federation, from the Far East region, to China. The memorandum was signed by Gazprom and our Chinese partners - CNPC," said Miller.

"The gas delivery project from Russia's Far East to China will strengthen strategic and mutually beneficial ties between our companies," Gazprom's CEO Alexey Miller said in the press-release.

In May 2015 Gazprom and CNPC signed an agreement on the main terms of pipeline deliveries of natural gas from Russia to China via the Western route, after signing a similar agreement on the Eastern route a year earlier.

Gazprom is in negotiations with China on supplying gas via the western route in the volume of 30 billion cubic meters per year and possibly increasing it later to 100 billion cubic meters per year. Infographics by TASS